Advisors Asset Management Inc. Has $5.25 Million Position in Hewlett Packard Enterprise Company $HPE

Key Points

• Advisors Asset Management Inc. increased its holdings in Hewlett Packard Enterprise (HPE) by 35.7% in the first quarter, owning 340,125 shares valued at approximately $5.25 million.
• Hewlett Packard Enterprise reported $0.38 earnings per share, exceeding analysts' estimates, with revenue of $7.63 billion, marking a 5.9% year-over-year increase.
• The company declared a quarterly dividend of $0.13 per share, with a dividend yield of 2.2% and a payout ratio of 52.53%.

Advisors Asset Management Inc. raised its position in shares of Hewlett Packard Enterprise Company (NYSE:HPE - Free Report) by 35.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,125 shares of the technology company's stock after acquiring an additional 89,426 shares during the period. Advisors Asset Management Inc.'s holdings in Hewlett Packard Enterprise were worth $5,248,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI grew its stake in shares of Hewlett Packard Enterprise by 1,369.1% in the first quarter. National Bank of Canada FI now owns 16,279,442 shares of the technology company's stock worth $251,192,000 after acquiring an additional 15,171,314 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in Hewlett Packard Enterprise by 1,382.5% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 3,299,615 shares of the technology company's stock valued at $70,447,000 after purchasing an additional 3,077,046 shares during the period. Vanguard Group Inc. boosted its holdings in Hewlett Packard Enterprise by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 167,199,996 shares of the technology company's stock valued at $2,579,896,000 after purchasing an additional 2,779,446 shares during the period. Allianz Asset Management GmbH grew its position in Hewlett Packard Enterprise by 32.9% in the 1st quarter. Allianz Asset Management GmbH now owns 5,677,528 shares of the technology company's stock worth $87,604,000 after purchasing an additional 1,406,813 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth about $27,528,000. 80.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HPE has been the subject of several research reports. Wolfe Research assumed coverage on shares of Hewlett Packard Enterprise in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. KeyCorp started coverage on Hewlett Packard Enterprise in a research report on Thursday, June 26th. They issued a "sector weight" rating for the company. Raymond James Financial lifted their price objective on Hewlett Packard Enterprise from $29.00 to $30.00 and gave the stock a "strong-buy" rating in a report on Thursday. UBS Group upped their target price on Hewlett Packard Enterprise from $18.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Barclays upped their target price on Hewlett Packard Enterprise from $24.00 to $26.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $24.87.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded down $0.00 on Monday, reaching $23.52. The stock had a trading volume of 19,126,011 shares, compared to its average volume of 19,246,703. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $31.03 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.41 and a beta of 1.43. Hewlett Packard Enterprise Company has a 1-year low of $11.97 and a 1-year high of $24.66. The stock has a fifty day moving average price of $21.26 and a 200-day moving average price of $18.36.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, September 18th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.52 dividend on an annualized basis and a yield of 2.2%. Hewlett Packard Enterprise's dividend payout ratio is 63.41%.

Insider Buying and Selling at Hewlett Packard Enterprise

In other Hewlett Packard Enterprise news, EVP Phil Mottram sold 30,000 shares of Hewlett Packard Enterprise stock in a transaction on Monday, June 30th. The stock was sold at an average price of $20.54, for a total value of $616,200.00. Following the completion of the transaction, the executive vice president owned 42,427 shares in the company, valued at approximately $871,450.58. The trade was a 41.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeremy Cox sold 68,590 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $18.44, for a total value of $1,264,799.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 461,924 shares of company stock worth $10,110,183. 0.36% of the stock is currently owned by insiders.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.